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MEMC Electronic Materials (NYSE:WFR): Upgrade To Buy & add To Top Picks Live, $18 target – Citigroup

Citigroup is upgrading MEMC Electronic Materials (NYSE:WFR) to Buy from Hold and are adding the stock to their Top Picks Live list with a Street high $18 price target (up from $15).

Defiant CBA doubles rate rise

THE Commonwealth Bank has blamed global financial markets and the deposit war for raising lending rates by almost double the RBA rise.

[ More ] November 2nd, 2010 | Comments Off | Posted in Business, Stock Markets |
 

Westfield to raise $3.5bn and spin off assets

WESTFIELD Group will spin off its Australian and New Zealand shopping centre portfolio as part of a major restructuring.

[ More ] November 2nd, 2010 | Comments Off | Posted in Business, Stock Markets |

Leighton to face investor anger

LEIGHTON Holdings will face disgruntled shareholders at its annual meeting tomorrow after revealing a net profit downgrade of 23 per cent.

[ More ] November 2nd, 2010 | Comments Off | Posted in Business, Stock Markets |
 

Approval close for BHP bid

BHP Billiton appears to have received Canadian bureaucratic approval for its $US40 billion hostile takeover of Potash Corp of Saskatchewan.

[ More ] November 2nd, 2010 | Comments Off | Posted in Business, Stock Markets |

Rate rise lifts financial stocks

THE sharemarket ended slightly higher yesterday after the Reserve Bank raised the overnight cash rate by 25 basis points to 4.75 per cent.

[ More ] November 2nd, 2010 | Comments Off | Posted in Business, Stock Markets |

Chevron floats LNG expansion

CHEVRON is considering a multi-billion-dollar floating LNG plant to develop recent offshore discoveries in Western Australia.

[ More ] November 2nd, 2010 | Comments Off | Posted in Business, Stock Markets |

ETF Preview: Energy Funds Finding Traction After BP Earnings; Pharma Funds Path Is Unclear Amid Election, Earnings

Major market ETFs, including the SPY, DIA, IWM and others, are firmer in step with futures trading. The actively traded Nasdaq-focused PowerShares QQQ (QQQQ) is up 0.7% this morning.

[ More ] November 2nd, 2010 | Comments Off | Posted in Business, Stock Markets, Stock Trading |

Newsweek: Will a GOP sweep make stocks surge?

Wall Street is hoping for a resounding GOP victory in the midterm elections, but the market’s reaction is tough to predict.

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Brigus Gold Reduces Its 2011 Hedge Book by 79%

<ul><li>Brigus Gold Corp. ("Brigus Gold" or the "Company") (TSX:BRD)(NYSE Amex:BRD) announces that it has reduced its 2011 forward gold sales contract obligations ("hedge") by 43,276 ounces, representing 79% …

[ More ] November 2nd, 2010 | Comments Off | Posted in Business, Stock Markets, Stock Trading |

Franconia Minerals Intends to Increase Ownership at Birch Lake to 82%

<ul><li>Franconia Minerals Corporation (TSX: FRA) is pleased to report that it has given formal notice to its joint venture partner, the Beaver Bay Joint Venture (BBJV,) of its intention to fund all of BBJV’s carried interest (30%) in its D…

[ More ] November 2nd, 2010 | Comments Off | Posted in Business, Stock Markets, Stock Trading |

Bellhaven Drills 94 m of 1.42 g/t AuEq at the Middle Zone, La Mina Porphyry Gold-(Copper) Project, Colombia

<ul><li>The Middle Zone is the second porphyry prospect at La Mina, located approximately 500 m to the north of the La Cantera prospect. </li><li>Paul Zweng, Bellhaven’s Interim CEO and Director, commented as follows:</li>…

[ More ] November 2nd, 2010 | Comments Off | Posted in Business, Stock Markets, Stock Trading |

TEXT-Statement from Canada’s Clement on Potash bid

Nov 2 (Reuters) – Canadian Industry Minister Tony Clement
issued the following emailed statement on Tuesday about anewspaper report that Investment Canada was recommending that
the government approve…

[ More ] November 2nd, 2010 | Comments Off | Posted in Business, Mergers and Acquisitions, Stock Markets |

Wind Power Market in UK and Other Energy Markets Analysed in New Research Reports Available at MarketPublishers.com

<ul><li>Market Publishers Ltd informs that new in-demand market reports on Energy have been added to its catalogue.</li><li>This study gives a view of UK wind energy market and provides forecasts to 2020. </li><li>…

[ More ] November 2nd, 2010 | Comments Off | Posted in Business, Stock Markets, Stock Trading |

GRNO’s Wholly Owned Subsidiary, Custom Carbon Processing Inc., Receives Additional 10,000 Barrels of Slop Oil From McBeth Facility

<ul><li>Green Oasis Environmental Inc. (PINKSHEETS: GRNO), a Florida corporation is pleased to announce its wholly owned subsidiary Custom Carbon Processing Inc., (CCP) has made substantial improvements to the equipment used for processing …

[ More ] November 2nd, 2010 | Comments Off | Posted in Business, Stock Markets, Stock Trading |